Work is set to commence on a potash mine project in North Yorkshire after Sirius Minerals secured £1bn in funding for the first stage of the project.
The project will include the construction of a 37km-long tunnel to transport minerals from the mine to a new materials handling facility at Wilton International near Redcar. A joint venture of Hochtief and J. Murphy & Sons has been appointed as the preferred contractor for the mineral transport system work.
Sirius Minerals’ chairman Russell Scrimshaw said: “Today’s successful General Meeting concludes the Stage 1 Financing and delivers a major milestone for Sirius Minerals.
“The financing has taken a huge amount of work and dedication from everyone at the company and also from those that support our business. We are now focused on the construction programme ahead and the path to first production for our North Yorkshire polyhalite project.”
Preparatory works including further geotechnical studies will start immediately. Highway improvements are expected to start in 2017, while detailed site preparation works are scheduled to start in the second quarter of 2017.
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